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Glossary entry

French term or phrase:

Definition de l'indice de la banque

English translation:

the index used by the bank

Added to glossary by helena barham
Mar 9, 2009 14:32
15 yrs ago
French term

Definition de l'indice de la banque

French to English Bus/Financial Finance (general)
le taux est stipulé variable en fonction de l'évolution de l'indice de la banque.

I know that there are loads of "indice" already. I have gone through them and I didn't find any relating to banking. I have an idea that it may be the bank's base rate....?
Change log

Mar 10, 2009 02:57: Yolanda Broad changed "Level" from "Non-PRO" to "PRO"

Discussion

helena barham (asker) Mar 9, 2009:
good evening It is a clause in the terms and conditions of a bank's mortgage contract.
Yasdnil1 Mar 9, 2009:
A bit more context? Best guess would be base rate, but I would then expect to be "la Banque" or even "la Banque de rance" (or whichever country it is). Rates (of interest? Can't tell from this) usually follow either base rate or interbank rate (PIBOR)

Proposed translations

+1
4 hrs
Selected

the index used by the bank

... to set the variable rate. I'd even skip the 'definition' part.
Or, varies with/according to the index specified by the bank.

This is just a possessive (the bank's index), not a set term.
Note from asker:
thank you.... . It is an article in the banks terms and conditions and one of the headings is "definitions de l'indice de la banque" I was set on base rate but I'm beginning to think I should go with the banks index .... I think a good nights sleep will help me sort it out!
Peer comment(s):

agree joehlindsay
19 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thank you."
17 mins

bank's core index

L’indice de la Banque du Canada a progressé de 1,5 % au cours des 12 mois précédant février 2008
The Bank of Canada’s core index was up 1.5% in the 12 months to February 2008
Note from asker:
Thank you.
Something went wrong...
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